efile Public Visual Render
ObjectId: 201823039349301062 - Submission: 2018-10-30
TIN: 74-0695355
Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
Attach to Form 990.
Go to
www.irs.gov/Form990
for instructions and the latest information.
OMB No. 1545-0047
20
17
Open to Public Inspection
Name of the organization
SMART FINANCIAL CREDIT UNION
Employer identification number
74-0695355
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
First-class or charter travel
Housing allowance or residence for personal use
Travel for companions
Payments for business use of personal residence
Tax idemnification and gross-up payments
Health or social club dues or initiation fees
Discretionary spending account
Personal services (e.g., maid, chauffeur, chef)
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain
.........
1b
Yes
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a?
..
2
Yes
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
Compensation committee
Written employment contract
Independent compensation consultant
Compensation survey or study
Form 990 of other organizations
Approval by the board or compensation committee
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment?
.............
4a
Yes
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan?
.........
4b
Yes
c
Participate in, or receive payment from, an equity-based compensation arrangement?
.........
4c
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization?
....................
5a
b
Any related organization?
.......................
5b
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization?
..................
6a
b
Any related organization?
......................
6b
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III
............
7
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III
..........................
8
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)?
.........................
9
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2017
Page 2
Schedule J (Form 990) 2017
Page
2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees.
Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note.
The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A)
Name and Title
(B)
Breakdown of W-2 and/or 1099-MISC compensation
(C)
Retirement and other deferred compensation
(D)
Nontaxable
benefits
(E)
Total of columns
(B)(i)-(D)
(F)
Compensation in column (B) reported as deferred on prior Form 990
(i)
Base
compensation
(ii)
Bonus & incentive
compensation
(iii)
Other
reportable compensation
1
LARRY SEIDL
CEO
(i)
(ii)
305,424
-------------
0
15,750
-------------
0
18,000
-------------
0
86,576
-------------
0
17,100
-------------
0
442,850
-------------
0
0
-------------
0
2
LEANN KACZYNSKI
EVP
(i)
(ii)
241,740
-------------
0
48,000
-------------
0
0
-------------
0
124,801
-------------
0
20,222
-------------
0
434,763
-------------
0
0
-------------
0
3
ANGELA CHAN
SVP/CFO
(i)
(ii)
145,439
-------------
0
8,900
-------------
0
0
-------------
0
15,987
-------------
0
20,776
-------------
0
191,102
-------------
0
0
-------------
0
4
LINDA WEBSTER
EVP/COO
(i)
(ii)
50,353
-------------
0
48,438
-------------
0
125,000
-------------
0
79,625
-------------
0
1,301
-------------
0
304,717
-------------
0
0
-------------
0
5
MICHAEL PIWETZ
SVP/CIO
(i)
(ii)
152,718
-------------
0
3,915
-------------
0
0
-------------
0
68,156
-------------
0
18,448
-------------
0
243,237
-------------
0
0
-------------
0
6
SUSIE SMITH
SVP HUMAN RESOURCES
(i)
(ii)
67,136
-------------
0
4,524
-------------
0
253,401
-------------
0
16,035
-------------
0
5,528
-------------
0
346,624
-------------
0
111,402
-------------
0
7
JEFFREY KEENE
SVP/CLO
(i)
(ii)
146,463
-------------
0
3,750
-------------
0
0
-------------
0
28,616
-------------
0
21,328
-------------
0
200,157
-------------
0
0
-------------
0
8
URJIT PATEL
SVP MEMBER EXPERIENCE
(i)
(ii)
151,725
-------------
0
1,716
-------------
0
0
-------------
0
5,316
-------------
0
12,181
-------------
0
170,938
-------------
0
0
-------------
0
9
NANCY SCHWIND
VP CENTRAL OPERATIONS
(i)
(ii)
127,695
-------------
0
2,415
-------------
0
0
-------------
0
18,425
-------------
0
1,866
-------------
0
150,401
-------------
0
0
-------------
0
10
PRESTON PRICE
VP COMMERCIAL SERVICES
(i)
(ii)
121,857
-------------
0
35,360
-------------
0
0
-------------
0
17,376
-------------
0
20,420
-------------
0
195,013
-------------
0
0
-------------
0
11
MATTHEW SPISAK
VP SMART EXPERIENCE
(i)
(ii)
98,113
-------------
0
1,375
-------------
0
56,648
-------------
0
9,099
-------------
0
13,067
-------------
0
178,302
-------------
0
0
-------------
0
12
TRICIA SMITH
VP LENDING SERVICES
(i)
(ii)
115,794
-------------
0
5,000
-------------
0
0
-------------
0
11,328
-------------
0
20,396
-------------
0
152,518
-------------
0
0
-------------
0
Schedule J (Form 990) 2017
Page 3
Schedule J (Form 990) 2017
Page
3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference
Explanation
PART I, LINES 4A-B
THE FOLLOWING PERSONS RECEIVED A SEVERANCE PAYMENT IN 2017: LINDA WEBSTER $125,000.00; SUSIE SMITH $141,998.75; AND MATTHEW SPISAK $56,648.80. THE CREDIT UNION PROVIDES A NON-QUALIFIED DEFERRED COMPENSATION PLAN UNDER CODE SECTION 457(F) FOR THE FOLLOWING SENIOR MANAGEMENT EMPLOYEES: LARRY SEIDL, LEANN KACZYNSKI, SUSIE SMITH, AND MICHAEL PIWETZ. AS PART OF THE PLAN, THE CREDIT UNION PAYS A RETENTION BENEFIT TO EACH EMPLOYEE AT SPECIFIED DATES WITH CONTINUED EMPLOYMENT. BENEFITS ARE ALSO PAID IF EMPLOYMENT TERMINATES BEFORE THE RETENTION PERIOD IS MET UNDER SPECIFIED CIRCUMSTANCES. SUSIE SMITH RECEIVED A PAYOUT FROM THIS PLAN IN 2017 IN THE AMOUNT OF $111,401.87, WHICH WAS INCLUDED IN HER W-2. IN 2013, THE CREDIT UNION ENTERED INTO SECURED SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENTS WITH GARY TUMA, CEO (RETIRED), AND LINDA WEBSTER, EVP. THE PREMIUMS ON THE POLICIES WERE FUNDED BY THE CREDIT UNION THROUGH LOANS TO THE CEO AND EVP. THE CEO AND EVP WILL PAY INTEREST ON THE LOANS ANNUALLY.
Schedule J (Form 990) 2017
Additional Data
Software ID:
Software Version: